Dubai Insurance Company reported a 51.6% year-on-year increase in net profit after tax, reaching AED 70.4 million for the first quarter ended 31 March 2026, up from AED 46.5 million in the same period last year.
Insurance revenue grew by 18.1% to AED 919.3 million, supporting a rise in basic and diluted earnings per share from AED 0.46 to AED 0.70.
The insurance service result more than doubled to AED 56.4 million, driven by improved underwriting performance and a reduction in net expenses from reinsurance contracts held, which fell to AED 247.5 million.
The company declared a dividend of AED 100 million during the quarter, although total comprehensive income was moderated to AED 61.8 million due to an AED 8.6 million fair value loss on equity investments.
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